Underserved Regions news and trends

US Fed Says Better Law Can Help Underserved Credit Areas

March 12, 2019
Federal Reserve Governor Lael Brainard
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US Fed Says Better Law Can Help Underserved Credit Areas

March 12, 2019
Federal Reserve Governor Lael Brainard said on Tuesday (March 12) that a more flexible look at banks through the lens of the Community Reinvestment Act (CRA) could potentially make capital available for regions outside the usual areas financial institutions cater to. Brainard made the remarks in a speech to the National Community Reinvestment Coalition, Reuters reported. […]